Write some Software - 04/09/2016 07:06 EDT

The mobile platform is emerging as the most accessible and efficient way for people in the developing and developed countries to access banking services securely. Estel’s Micro Banking platform enables inclusive and low-cost banking, remittances, mobile payments and other mobile financial services to millions of people in countries where banking services are not easily available or accessible. It enables mobile financial services for millions of unbanked customers and offers enormous potential to open new markets and business opportunities for Banks, MNOs, Money Transfer and Payment Service Providers. A user’s mobile wallet account in the Estel platform can be simple cash based account, or can be linked to bank accounts, credit/debit cards, other wallet accounts and other payment methods to enable universal mobile payments environment. The platform supports customised regulatory requirements like KYC, AML and anti-fraud rules. Integration with banking systems is done using ISO8583 standards and offers open APIs for easy integration to other players in the ecosystem. Estel’s mobile money system is continuously evolving with changing technological trends and currently supports all communication channels and user interfaces including SMS, USSD, IP, IVR, STK, Device applications (Java, Symbian, Android, iPhone, Blackberry etc.)